OREANDA-NEWS. June 06, 2013. Agrium Inc. (TSX and NYSE: AGU) agreed to issue and sell USD 500- million aggregate principal amount of 3.5% debentures due June 1, 2023, and USD 500-million aggregate principal amount of 4.9% debentures due June 1, 2043.

The debentures, registered under the multi-jurisdictional disclosure system in Canada and the United States, will only be offered and sold in the United States.

Agrium intends to use a portion of the net proceeds from this offering to fund anticipated capital expenditures, pending which such proceeds may be used to reduce outstanding indebtedness under Agrium's short-term credit facilities and for general corporate purposes. The debentures will be unsecured and rank equally with Agrium's existing senior unsecured debt.

The joint book-running managers for the offering are Merrill Lynch, Pierce, Fenner & Smith Incorporated, RBC Capital Markets, LLC and Scotia Capital (USA) Inc.

A preliminary prospectus supplement dated May 28, 2013, under Agrium's short form base shelf prospectus dated April 2, 2012 and under Agrium's related effective Registration Statement on Form F-10, in respect of the offering of the debentures has been filed with the Canadian securities regulatory authorities in each of the provinces of Canada and with the United States Securities and Exchange Commission under the multi-jurisdictional disclosure system. A final prospectus supplement in respect of the offering of the debentures will be filed with the same regulatory authorities in Canada and the United States.

About Agrium
Agrium Inc. is a major Retail supplier of agricultural products and services in North America, South America and Australia and a leading global Wholesale producer and marketer of all three major agricultural nutrients and the premier supplier of specialty fertilizers in North America through our Advanced Technologies business unit. Agrium’s strategy is to provide the crop inputs and services needed to feed a growing world. We focus on maximizing shareholder returns by driving continuous improvements to our base businesses, pursuing value-added growth opportunities across the crop input value chain and returning capital to shareholders.